1. The first paragraph is mainly about_______.
[ A ] the definition of money market
[ B ] the constitution of a money market
[ C ] the basic functions of a money market
[ D ] the general feature of a money market
2. According to this passage, a money market_______.
[ A ] provides convenient services to its customers
[ B ] has close contact with the individuals or firms seeking funds
[ C ] maintains accounts with various retailers of financial services
[ D ] is made up of institutions who specialize in handling wholesale monetary transactions
3. Which of the following statements about a money market is NOT true according to this passage?
[ A ] Money market does not exist in planned economies.
[ B ] Money market has been established ,in some socialist countries.
[ C ] Money market encourages open competition among bulk suppliers of funds.
[ D ] Money market relies upon market processes to distribute funds to final users.
4. The author uses the example of middleman to show_______.
[ A ] market transactions are important in different countries
[ B ] dealers are needed in doing business
[ C ] middlemen can play great role in different transactions and different countries
[ D ] middlemen in different countries have different actions in business
5. According to this passage, _______.
[ A ] brokers usually perform the same kinds of services to their customers
[ B ] brokers have little contact with each other
[ C ] open competition, tends to result in a common price for similar transactions at any given moment
[ D ] changes in the pressure of available supplies of funds upon market tends to maintain a common price for similar transactions
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